According to M

question 54

Multiple Choice

According to M. E. Porter, which of the following reflects support activities in the value chain?

• A) inbound logistics, operations, outbound logistics, marketing and sales, service
• B) procurement, inbound logistics, operations, outbound logistics, marketing and sales, service
• C) procurement, technology development, human resources management, developing infrastructure
• D) technology development, human resources management, operations, developing infrastructure

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Definitions:

Securities and Exchange Commission

A U.S. federal agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation’s stock and options exchanges.

Accounting Principles

Guidelines and rules that govern the accounting and financial reporting practices of businesses, ensuring consistency, reliability, and comparability of financial statements.

Conservatism

An accounting principle that advises caution, directing accountants to choose methods and estimates that are least likely to overstate assets and income.

Fair Value Accounting

An accounting approach that measures and reports assets and liabilities at their estimated market prices.